The stock of iShares S&P 500 Index Fund CAD Hedged (TSE:XSP) hit a new 52-week high and has $27.43 target or 8.00% above today’s $25.40 share price. The 7 months bullish chart indicates low risk for the $3.74B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $27.43 price target is reached, the company will be worth $299.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 16,076 shares traded hands or 4756.80% up from the average. iShares S&P 500 Index Fund CAD Hedged (TSE:XSP) has risen 6.21% since April 22, 2016 and is uptrending. It has outperformed by 0.19% the S&P500.
More notable recent iShares S&P 500 Index Fund CAD Hedged (TSE:XSP) news were published by: Fool.ca which released: “Trim Your iShares S&P/TSX 60 Index Fund: Buy This Global ETF With Proceeds” on September 09, 2016, also Theglobeandmail.com with their article: “US ETFs: Top picks for Canadian investors” published on December 08, 2012, Fool.ca published: “3 Reasons Why Now Is the Time to Own the S&P 500” on November 07, 2016. More interesting news about iShares S&P 500 Index Fund CAD Hedged (TSE:XSP) were released by: Marketwired.com and their article: “Blackrock Canada Announces Changes to Certain iShares Funds” published on March 24, 2014 as well as Marketwired.com‘s news article titled: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” with publication date: June 08, 2016.
iShares S&P 500 Index Fund (XSP) seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P 500 Hedged to Canadian Dollars Index, net of expenses. The company has a market cap of $3.74 billion. The Index is a market capitalization-weighted index of securities of 500 of the largest United States public issuers provided by S&P, hedged to Canadian dollars. It currently has negative earnings. XSP invests in sectors, including information technology, financials, health care, consumer staples, energy, consumer discretionary, industrials, utilities, materials and telecommunication services.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.